Søstrene Grene turnover jumps 31% to £314m as UK expansion ramps up

Danish homewares brand Søstrene Grene has reported record turnover for the 2024/25 financial year, with turnover rising 31% from £240m to £314m. Growth was driven by strong international expansion and particularly high performance in the UK, where sales increased 130% year-on-year. Meanwhile, gross profit increased from £91m to £111m, while…

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UK Economy grows 0.3% in Q2 as services and building work lift output

UK gross domestic product grew by an unrevised 0.3% in the three months to 30 June 2025, slowing from 0.7% in the first quarter, with services and construction offsetting a fall in production, according to the latest figures from the Office for National Statistics (ONS). It comes as services rose…

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Tapi Carpets FY profits almost double to £15.9m

Tapi Carpets has reported that its operating profits rose to £15.9m in the year to 28 December 2024, almost double the £8.1m posted a year earlier, owing to new store openings and the acquisition of former Carpetright outlets.  During the period sales increased by 33% to £227m, which was supported…

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Ikea launches Life at Home services

Ikea has launched a suite of services under a new “Life at Home” banner, expanding into areas beyond furniture retail. The initiative launches with three services available nationwide, including Home Move and Setup, Energy Services, and the Ikea Family Credit Card.  The Home Move and Setup service, delivered in partnership…

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Card Factory profits fall despite revenue uplift

Card Factory has announced that its adjusted profit-before-tax has fallen 46.4% to £7.5m for the six months ended 31 July, compared with £14m in HY25. The company put this down to the timing of efficiency-focused investments including an upgrade to its point of sale till system. Despite this, the group’s…

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ASOS forecasts lower FY earnings amid turnaround plan

ASOS has warned that full-year earnings and sales may lag behind expectations, despite reporting higher gross profit margins and reduced costs over the period. While EBITDA has risen by more than 60% year-on-year, it is expected to be on the lower end of a £130m to £150m guided range, with…

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Modella acquires 156 Claire’s stores in UK&I rescue deal

Specialist retail investment firm Modella Capital has officially acquired 156 Claire’s stores in the UK and Ireland after the accessories chain entered administration last month. Claire’s, known for ear piercings and jewellery, went into administration on 13 August 2025 after years of financial difficulties. The UK and Ireland arm is…

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Retail footfall rises as high streets drive September rebound

Retail footfall across the UK rose last week, with overall visits up 5.4% on the previous week and 4.4% higher than the same period last year, according to figures from data firm MRI Software. High streets led the increase, with activity climbing 7.7% week on week. Regional cities recorded a…

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BRC warns retailers over lack of biodiversity targets

The British Retail Consortium (BRC) has warned in a new report that retailers must step up efforts to tackle biodiversity loss or risk undermining the resilience of their supply chains. The trade body’s report, Planning for Nature, found that 76% of retailers have no targets in place to protect nature.…

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Harrods ‘not engaging’ with hackers following customer data leak

Harrods has announced it will not be engaging with hackers after the personal details of an estimated 430,000 customers were exposed following a data breach. The luxury department store revealed the information, which includes basic personal identifiers including name and contact details but does not include account passwords or payment…

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